Brief: Elixinol Wellness Says Proposed Acquisition Of The Sustainable Nutrition Group

Elixinol Wellness

29/11/2022 24:47

Nov 29 (Reuters) - Elixinol Wellness Ltd  EXL.AX :
    * PROPOSED ACQUISITION OF SUSTAINABLE NUTRITION GROUP
    * GROUP IS ANTICIPATED TO BENEFIT FROM POTENTIAL ANNUALISED
COST
SAVINGS AND IDENTIFIED SYNERGIES OF UP TO A$6.6 MILLION
    * DEAL FOR 1.1225 EXL SHARES BEING ISSUED PER TSN SHARE
    * TSN BOARD HAS UNANIMOUSLY RECOMMENDED THAT ALL TSN
SHAREHOLDERS
VOTE IN FAVOUR OF SHARE SCHEME
    * WILL ALSO PROVIDE LOAN FUNDING OF UP TO A$2 MILLION TO
TSN'S
OPERATING UNIT

Source text for Eikon:  ID:nASX72Ywp9 
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